Usman Salis
● In a recent analysis, XForceGlobal laid out a bullish long-term case for Dogecoin, noting that the asset "has arguably one of the best idealized Elliott Wave 5-wave structures on the macro up to the wave 4 termination point,". The chart shows DOGE moving through a large-scale Elliott Wave pattern, with wave III completed at the top, an extended corrective wave IV behind it, and a projected wave V that could send the cryptocurrency much higher.
● Right now, DOGE sits at a technically sensitive spot. Losing critical support near $0.0801—clearly marked on the chart—would break the bullish structure and force a rethink of the macro outlook. Think of it like sudden policy shifts that disrupt entire industries: one wrong move, and the whole setup falls apart.
● The Elliott Wave chart traces DOGE's journey back nearly a decade, capturing early accumulation, the wave I expansion, and the powerful wave III surge during the 2021 peak. Wave IV has been messy and drawn out, but the structural low has held. XForceGlobal points out that "the only bullish option left will be observed as an Expanding Ending Diagonal, as impulsive options are now off the table"—meaning any rally from here has to follow a widening diagonal pattern typical of late-stage moves.
● If DOGE keeps its structure intact, wave V could target around $1.64, with broader expectations sitting in the $1–$2 range—exactly what the analyst is projecting. The chart's path shows a gradual climb toward that diagonal peak.
● For now, DOGE is at a make-or-break point. Holding above that critical support keeps the long-term Elliott Wave scenario alive. Breaking below it? Game over for this setup. With the macro pattern still in play, Dogecoin is entering a phase where a multi-year rally remains a real possibility.
Usman Salis
